Dev Paul

#PredictionMarketsCFTCBacking Here is an updated summary 📊 Update: CFTC and prediction markets The Commodity Futures Trading Commission (CFTC) has taken decisive steps in 2026 to support prediction markets: - Joint project with the SEC: In January, during the “Project Crypto Summit,” CFTC Chairman Michael Selig announced a four-point regulatory plan to support the responsible development of event contracts. - Active legal defense: The CFTC has warned states attempting to block these markets, reaffirming its jurisdiction over event contracts. - Strong message: Selig stated that the agency is willing to defend in court the existence of federally regulated prediction markets, marking the first strong stance in favor of this sector. Key implications - Greater legitimacy: The official backing of the CFTC opens the door for prediction platforms to operate under clear rules. - Conflict with states: Legal disputes persist, especially regarding contracts linked to sporting events. - Opportunity for crypto: This move aligns with the modernization of the regulatory framework for digital assets, integrating prediction markets into the narrative of financial innovation. 🔑 Conclusion: 2026 marks a historic turning point: the CFTC not only recognizes prediction markets but defends them as an integral part of the regulated financial ecosystem. The hashtag #PredictionMarketsCFTCBacking reflects a moment of consolidation and expansion. $ETH